Insurance Awareness Quiz: We have created quiz questions on Insurance Awareness which are most important for insurance exams. These questions and answers will guide you in all insurance exams like LIC (AAO/ADO), NIACL assistant and AO, UIIC, IRDA and other Bank PO exams and all competitive exams. So attempt these multiple choice questions now based on the exam pattern syllabus.
- Which among the following insurance entity is not regulated by the IRDAI?
A) SBI Life Insurance
B) Postal Life Insurance
C) Sahara India Life Insurance
D) IDBI Federal Life Insurance
- When was the Postal Life Insurance (PLI) launched?
A) 11 March 1896
B) 31 January 1906
C) 1 February 1884
D) 30 April 1986
- What is the maximum sum assured limit for plans under PLI?
A) Rs 10 lakhs
B) Rs 20 lakhs
C) Rs 30 lakhs
D) Rs 50 lakhs
- The maximum sum assured limit for the Children Policy under PLI is________
A) Rs 3 lakhs
B) Rs 2 lakhs
C) Rs 5 lakhs
D) Rs 8 lakhs
- The Rural Postal Life Insurance (RPLI) was launched on the recommendation of which committee?
A) Rangarajan Committee
B) Venkitaramanan Committee
C) Malhotra Committee
D) Tagore Committee
- What is the maximum sum assured limit under RPLI Policy?
A) Rs 5 lakhs
B) Rs 10 lakhs
C) Rs 20 lakhs
D) Rs 30 lakhs
- What is the maximum sum assured limit for the Children Policy under RPLI?
A) Rs 1 lakhs
B) Rs 2 lakhs
C) Rs 3 lakhs
D) Rs 5 lakhs
- Under PLI/RPLI, the policyholder below the age of ________can take a Children’s Policy for its children.
A) 50 years
B) 40 years
C) 45 years
D) 35 years
- What should be the maximum age of the child for whom Children’s Policy can be undertaken by the policy holder?
A) 10 years
B) 18 years
C) 12 years
D) 20 years
- How many children per family are eligible for the Children’s policy of the PLI/RPLI?
A) One
B) Two
C) Three
D) No limit